$1.425 in bank
$650 spend this quarter (The decision to frac and test was made after the quarterly, so I assume this will mean even more spent?)
$725k left by the end of this quarter!
Do you want a company that has cash that will last them less than a quarter?
And if the fracc is not successful, all they have is the possibility of buying more land that we know very little about.
It's not a case of if a capital raising will occur, but when? And doing it before major exploration results come out is how spec companies operate.
My post wasn't completely negative....why so touchy.
Milesy
TNP Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
